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Facebook Expands in Palo Alto; Subleases 265K Square Feet

December 15, 2009

facebook logo Facebook Expands in Palo Alto; Subleases 265K Square FeetIt was only matter of time, but Facebook has made the decision to expand again. This time, Facebook has struck a deal for the 265,000 square foot, 3-building facility at 1050 Page Mill Road. About 14 months ago, Facebook leased 137,000 square feet at 1601 California Avenue.

The sublease from Beckman Coulter consists of 135,000 square feet of space in a 2-story R&D building out on Page Mill Road, 43,000 square feet in a two-story building behind it, and about 86,000 square feet of single-story warehouse and industrial space.

The company has been growing steadily and now has over 1,000 employees. Good for them. Facebook was repped by Cornish & Carey.



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Categories: Market Data | Notable Deals
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